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Rewards Credit Cards

Find the best rewards credit card for you with up to 200,000 bonus points, cashback and premium perks up for grabs.

1 - 10 of 111
Name Bonus points Points per $ spent Purchase rate p.a. Annual fee
Qantas Premier Platinum
Qantas Frequent Flyer
Bonus points
80,000
Points per $ spent
1
Purchase rate p.a.
19.99%
Annual fee
$349 first year ($399 after)
Go to siteMore Info
Earn up to 80,000 bonus Qantas Points. Plus, save with a reduced first-year annual fee and 0% p.a. for 12 months on balance transfers. Ends on 01 May 2024.
American Express Velocity Platinum Card
Velocity Frequent Flyer
Bonus points
100,000
Points per $ spent
1.25
Purchase rate p.a.
23.99%
Annual fee
$375
Go to siteMore Info
Get 100,000 bonus Velocity Points when you spend $3,000 in the first 3 months. Plus a return domestic flight each year.
American Express Qantas Business Rewards Card
Qantas Business Rewards
Bonus points
170,000
Points per $ spent
1.25
Purchase rate p.a.
0%
Annual fee
$450
Go to siteMore Info
(ABN holders w/ $75k revenue). Earn 170,000 bonus Qantas Points when you spend $6,000 in the first 3 months.
Coles No Annual Fee Mastercard - Bonus Points Offer
Flybuys
Bonus points
20,000
Points per $ spent
0.5
Purchase rate p.a.
0% for 6 months, then 19.99%
Annual fee
$0
Go to siteMore Info
Get 20,000 bonus Flybuys points (worth $100 Flybuys Dollars) and 0% interest on purchases for the first 6 months.
Qantas American Express Ultimate Card
Qantas Frequent Flyer
Bonus points
60,000
Points per $ spent
1.25
Purchase rate p.a.
23.99%
Annual fee
$450
Go to siteMore Info
Get 60,000 bonus Qantas Points when you spend $3,000 in the first 3 months. Plus, a yearly $450 Travel Credit.
Qantas Premier Everyday
Qantas Frequent Flyer
Bonus points
8,000
Points per $ spent
0.75
Purchase rate p.a.
19.99%
Annual fee
$99
Go to siteMore Info
Get 2 bonus Qantas Points per $1 spent on eligible purchases in the first 4 months (up to 8,000 points), plus complimentary insurance.
ANZ Platinum Credit Card
Bonus points
N/A
Points per $ spent
N/A
Purchase rate p.a.
20.99%
Annual fee
$0 first year ($87 after)
Go to siteMore Info
Get $300 back on your card when you spend $1,500 on eligible purchases in the first 3 months and a $0 first-year annual fee. Plus, complimentary overseas travel insurance.
ANZ Qantas Business Rewards
Qantas Business Rewards
Bonus points
130,000
Points per $ spent
0.75
Purchase rate p.a.
20.24%
Annual fee
$375
Go to siteMore Info
ABN holders w/ $75k revenue. Get 130,000 bonus Qantas Points when you spend $6,000 on eligible purchases in the first 3 months. Plus, a fast-track to Qantas Business Rewards Level 2.
ANZ Low Rate - Credit Back Offer
Bonus points
N/A
Points per $ spent
N/A
Purchase rate p.a.
13.74%
Annual fee
$58
Go to siteMore Info
Get $250 back on your card when you spend $1,500 on eligible purchases in the first 3 months.
Qantas American Express Premium Card
Qantas Frequent Flyer
Bonus points
20,000
Points per $ spent
1
Purchase rate p.a.
23.99%
Annual fee
$249
Go to siteMore Info
Get 20,000 bonus Qantas Points and 2 complimentary Qantas Club lounge invitations per year, plus complimentary travel insurance.
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Showing 10 of 27 results

Our round-up of rewards credit card offers

EXPERTREVIEW

Updated 04 April 2024 by money editor, Richard Whitten.

The best rewards cards give you generous bonus points for signing up and let you earn points when you spend. They also come with other useful benefits like complimentary travel insurance. But the more rewards a card has, the bigger the annual fee. Make sure the value you get from the card in terms of points and perks is more than the fee.

Here are some of our top rewards cards available through Finder this month:

  • Bonus reward points offer:
    The St.George Amplify Signature Credit Card offers 150,000 bonus Amplify Points (worth up to $675 in eGift cards) when you spend $12,000 on eligible purchases in the first 12 months when you apply by 31 July 2024.
  • Bonus Qantas Points offer:
    The Qantas Premier Platinum offers up to 80,000 bonus Qantas Points: 60,000 bonus points when you spend $3,000 in the first 3 months and another 20,000 bonus points if you haven't earned Qantas Points with a credit card in the last 12 months.
  • Bonus Velocity Points offer:
    The American Express Velocity Platinum Card offers 100,000 bonus Velocity Points when you apply online as a new Amex card member by 15 May 2024 and spend $3,000 on eligible purchases in the first 3 months from approval.
  • $0 annual fee rewards card:
    The American Express Velocity Escape Card lets you earn Velocity Points on your spending and has an ongoing $0 annual fee.
  • Finder exclusive balance transfer offer:
    This exclusive introductory offer on the Kogan Money Credit Card gives you a way to pay off existing debt interest-free for up to 18 months, with a one-time 1% balance transfer fee. While there's no sign-up bonus, you can earn 2 points per $1 on everyday, eligible spending an redeem these point when shopping at Kogan.

Keep in mind there's no one best card for everyone. Be sure to look at the card's annual fee, the interest rate, and the conditions you'll have to meet to get bonus points.

Methodology: How we chose our rewards cards

Every month, our credit card experts analyse over 250 credit cards on the market. We narrow it down to credit cards that offer rewards, then rank these cards based on valuable features including bonus points, cashback and annual fees.

All our picks are for rewards cards available through Finder, meaning we have a commercial partnership with the bank or brand. The right rewards card for you may be different from our picks, so make sure to compare a range of cards before choosing one.

Why you can trust our research

82 providers included

15 years of experience

6 million Australians have found a new credit card

Our rewards card methodology

How do rewards credit cards work?

A rewards credit card usually earns points for every $1 you spend on purchases in Australia and overseas (including online). The points are credited to your account or a linked loyalty program, where you can redeem them for rewards that range from flights and hotel bookings to gift cards, cashback and retail items.

There are also a few credit cards that offer cashback instead of points.

Pros and cons of rewards credit cards

Pros

  • Points for spending. The most obvious perk of these cards is that you earn rewards of your choice, for money you were going to spend anyway. These could be credit card points, frequent flyer points, cashback and more.
  • Introductory offers and deals. New cards usually offer a bunch of bonus points when you spend a certain amount in the first few months.
  • Perks. Rewards credit cards often come with extra perks like travel insurance, purchase insurance, concierge services and lifestyle and entertainment offers.

Cons

  • Higher rates and fees. To pay for the points and perks, these cards typically charge higher ongoing interest rates and annual fees than other cards.
  • Temptation to overspend. The promise of rewards or frequent flyer points can lead you to spend more than you usually would. But the cost of overspending can cancel out the value you'd get from any points or perks you'd earn.
  • Rewards limitations. While some rewards cards let you earn unlimited amounts of points, many set spending thresholds that cap your ability to earn rewards. If you often spend more than that cap, it will limit how much value you get from the card.

Reward credit cards are popular in Australia, with Finder research showing 29% of Australians got their last credit card for reward points.

Types of credit card rewards in Australia

Credit card rewards can be separated into 3 main categories: frequent flyer, points and cashback.

Frequent flyer rewards

If you're a member of a frequent flyer program, you can use a credit card to earn more points or miles in 2 ways:

1. Frequent flyer points per $1 spent

Credit cards that are directly partnered with a frequent flyer program let you earn frequent flyer points on your eligible spending. Points are automatically added to your frequent flyer account once a month (or at regular intervals).

In Australia, the main options are Qantas Frequent Flyer and Velocity Frequent Flyer credit cards.

2. Reward point transfers to frequent flyer programs

A lot of rewards credit card let you transfer points to different frequent flyer programs. This gives you more flexibility because you're not locked into earning points for one airline loyalty program.

It's also a way to earn points with programs that don't have co-branded cards in Australia, including Singapore Airlines KrisFlyer, Cathay Pacific Asia Miles and Emirates Skywards.

💡 Tip: You can also get a rewards credit card that lets you redeem points for flights, accommodation and other travel experiences without needing to transfer them to a frequent flyer program.

Points for bank and other loyalty programs

Many rewards credit cards in Australia earn points that you can redeem for different types of rewards, including gift cards, retail items, credit on your account, travel or point transfers to other loyalty programs. These flexible rewards programs include:

Cashback credit cards

These credit cards give you a way to get cash rewards for your spending, either in the form of credit back on your account or vouchers you can spend.

Some cashback credit cards give you a set percentage of your regular spending as cashback on your account, while other cards have introductory offers that provide a one-time account credit or voucher when you meet the spend requirements.

How to compare rewards credit cards

From earning points to the rewards you want to redeem, here are some of the questions and factors to think about when you're comparing rewards credit cards:

1. How can I earn points?

  • Bonus point offers. These can give you a huge amount of value when you get a new card. Usually, you need to meet a spend requirement in a set period of time to score bonus points.
  • Points per dollar. Also known as the earn rate, this is how many points you earn for your spending. The higher the better, but a card that earns at least 1 point per $1 on eligible transactions would be considered good value.
  • Point expiry and caps. Some credit card reward points expire after a certain amount of time and some have a limit on how many points you can earn in a month or year.

What are eligible purchases on a rewards card?
Most everyday spending is eligible to earn points, including groceries, petrol, retail items and travel. Transactions that don't usually earn points include cash advances, BPAY payments and spending with government bodies. You should check your card's rewards program terms and conditions for full details.

2. What's the value of the rewards?

  • Point values. To work out the value of your rewards, consider how many points you would need to redeem a chosen reward. For example, let's say you need 12,000 points to get a $50 gift card and your credit card has an earn rate of 1 point per $1 spent. You would need to spend $12,000 before you could redeem the $50 gift card. Calculating reward point values like this can help you decide if it's worth your time and money.
  • Rewards partners. Rewards programs sometimes partner with retailers and businesses to give you more ways to redeem points. You may also have the opportunity to earn bonus points with partner stores. If there are partners you already shop with, this could help you earn and redeem points faster.
  • Redemption limitations. Some rewards programs have blackout periods when you may not be able to make redemptions, or limits on items in the rewards store. Check the fine print for this information.

Points-to-dollars calculator 💵

How much do you need to spend to get rewards?

To give you an idea of the potential value of rewards, we've compared the amount of points you need to redeem a $100 gift card through major rewards programs that are linked to credit cards.

Rewards programPoints needed for $100 gift cardPopular card and ongoing annual feeSpend required for $100 gift card
American Express Membership Rewards20,000Explorer: $3952 points per $1: $10,000
Flybuys Rewards20,000Coles Rewards Mastercard: $992 points per $1: $10,000
ANZ Rewards Program22,225Rewards Platinum: $1491.5 points per $1: $14,817
Suncorp Bank RewardsFrom 20,900Clear Options Platinum: $1291.25 points per $1: $16,720
CommBank Awards20,650CommBank Awards Card: $961 point per $1: $20,650
Citi Rewards ProgramFrom 20,900Rewards Card: $1991 point per $1: $20,900
HSBC Rewards Plus24,000Platinum: $1491 point per $1: $24,000
Bendigo Bank Rewards37,040Platinum Rewards: $891.5 points per $1: $24,694
Westpac Altitude Rewards25,000Altitude Platinum: $1751 point per $1: $25,000

Fees, points and redemption values correct as of July 2023.

Based on this table, the minimum spend required for a $100 gift card (or equivalent) is $10,000 with American Express Membership Rewards or Flybuys if your credit card offers 2 points per $1 spent.

3. What are the costs?

  • Annual fees. Rewards credit card annual fees range from around $50 to $1,450 in Australia. Some rewards credit cards offer no annual fee for the first year or ongoing. Just keep in mind that the value of the rewards you redeem should be higher than the cost of the annual fee to make it worthwhile.
  • Purchase interest rates. Rewards credit cards typically have high interest rates for purchases, which can be up to around 24%. If you pay the card off as you go, or in full by the statement due date, you'll usually get interest-free days for purchases. Otherwise, the cost of interest could outweigh the value you get from earning points.

The annual fee and interest rate for purchases are 2 key costs to factor in when you're comparing rewards credit cards. But there are other costs that could also affect the value you get from a card in more specific situations.

4. Are there any complimentary extras?

Rewards credit cards often come with a variety of additional features that can add value if you use them. Popular perks include:

Jessica Prasida

I change my rewards credit card every year to get the best value from bonus points offers. I redeem my bonus points for gift cards or flight rewards and it usually brings in about $500 worth of value. You just have to be vigilant with paying off your card, closing the account before incurring the next year's annual fee, and not churning too frequently because it could affect your credit score.
— Jessica Prasida, publisher

Frequently asked questions

Finder Award winner and finalists for 2024

Find out which brands ranked highly at the Finder Awards for rewards credit cards.

Each year the Finder Credit Card Awards recognises the top credit cards in Australia. Using 12 months' worth of data, our experts have analysed the rates, fees and offer details from over 270 cards.

Read more on this topic

  • Credit card churning in Australia

    Well-known among frequent flyers and point chasers, this controversial strategy involves taking advantage of bonus point offers on different credit cards.

  • How to pay the ATO by credit card and earn points

    Find out which credit cards offer points for payments to the ATO and how much the rewards are really worth.

  • Guide to Latitude Infinity Rewards

    Reward your spending and redeem gift cards, merchandise and experiences with the Latitude Infinity Visa credit card.

  • Amplify Rewards Program

    Learn how you can build points with St.George and Amplify Rewards to redeem them for gift cards, wine, travel and more.

  • Coles Flybuys vs Everyday Rewards comparison

    Compare Coles Flybuys or Everyday Rewards to find out which one can offer you more rewards on your grocery shop.

  • Myer Credit Card

    The Myer Credit Card earns MYER one Credits on eligible spending and interest-free offers at Myer, but it's not currently available for new applications.

  • Gift cards sold at Coles and Woolworths

    Gift cards can be thoughtful and practical presents for people. Read this guide on Woolworths and Coles gift cards to find out what you need to know when buying and using them.

  • How to earn reward points via PayPal

    Link your credit card to your PayPal account and you could earn points while shopping online with buyer protection.

  • Credit Card Points Calculator

    Credit card rewards and other loyalty programs have the potential to offer you extra value for your spending – here’s how to work out if you are getting it.

  • Flybuys credit cards

    Use your credit card to earn up to 3 Flybuys points per $1 spent on everyday expenses and redeem a variety of flight and shopping rewards.

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106 Responses

    Default Gravatar
    RonJanuary 7, 2018

    Can I use diners club rewards with Emirates?

      AvatarFinder
      RenchJanuary 7, 2018Finder

      Hi Ron,

      Thanks for your inquiry.

      Yes, the Diners Club Rewards program also allows you to transfer your reward points to 17 airline and travel loyalty programs, including Virgin Australia’s Velocity frequent flyer program, Emirates Skywards, Etihad Guest, and Hilton Honors.

      You can learn more about Diners Club Rewards program.

      Best regards,
      Rench

    Default Gravatar
    KymJuly 27, 2017

    I spend and pay off in full about 25K per month of normal spending on my Citi Signature card which since the 1st July 2017 have at best halved their reward points which I use for Qantas flights.
    What is the best card now for me to get the most points for my spend per month, ie who is dollar for dollar and uncapped

      AvatarFinder
      HaroldJuly 28, 2017Finder

      Hi Kym,

      Thank you for your inquiry.

      While we cannot recommend what is best for you, we can offer you general information. You can check the list of frequent flyer credit cards featured on our website to learn more.

      I hope this information has helped.

      Cheers,
      Harold

    Default Gravatar
    MazJune 28, 2017

    Since the rules for the credit card reward points that you earn are changing as of the 1st July 2017, what would be the best rewards card that you can earn points for make payments to the ATO? Currently have a Westpac Altitude Rewards card and this is changing from 1st of July 2017 where you no longer receive points for ATO payments.

      AvatarFinder
      JhezelynJune 28, 2017Finder

      Hi Maz,

      Thanks for your comment.

      Please read more about the credit cards that let you earn points when making payments to the ATO. Compare the credit cards that earn points for tax payments and after you’re done comparing, select the “Go to Site” button to be redirected to the bank’s website to apply.

      I hope this helps.

      Regards,
      Jhezelyn

    Default Gravatar
    AlanMarch 21, 2017

    I was hoping you could crunch the numbers and let me know the best value reward credit card available.

    I currently have a Jetstar Platinum MasterCard
    Spending approx $60k pa
    I receive 2 points per dollar (2%) return
    1 point = $1 when redeemed so about $1200 only catch is have to use as Jetstar flights.
    Annual fee is $49 + additional card $39 so $88 annual fee

    Can you suggest a card to offer me better value or the same that has more flexible rewards.

    Many thanks
    Alan

      AvatarFinder
      HaroldMay 5, 2017Finder

      Hi Alan,

      Thank you for your inquiry.

      It is good that you’re trying to do the math and see which one would be a better option. Regrettably, we can’t provide specific recommendations for you. Thankfully, you can always compare your options on this post. We have listed some of the best rewards credit cards available in the market today.

      Alternatively, you can also check our list of frequent flyer credit cards if in case you want to explore other programs.

      I hope this information has helped.

      Cheers,
      Harold

    Default Gravatar
    BrianJuly 5, 2016

    Need a replacement card as mine is almost beyond being usable

      AvatarFinder
      DeeJuly 7, 2016Finder

      Hi Brian,

      Thanks for your comment.

      May I know what type of card you are currently holding so I can assist you?

      Alternatively, you can also try logging into your account on your bank’s website and check if there is a feature for requesting replacement cards.

      Cheers,
      Anndy

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